Major IT firms such as Intel, Microsoft, Intuit, among others have laid off 124,517 employees across the globe till July this year
Microsoft has laid off its internal team dedicated to diversity, equity, and inclusion (DEI) due to 'changing business needs'
In May alone, 39 companies laid off a total of 9,742 employees as economic uncertainties continue to impact the tech sector's workforce
Majority of the jobs cut have been within Microsoft's Strategic Missions and Technologies organisation, which aims to sell the company's cloud software and server rentals for businesses
The FTC said the layoffs show that the merger created areas of overlap and the court should have paused Microsoft's integration of the two companies while the agency completes its in-house trial
Firm cut about 12,000 jobs in January, reducing workforce by 6%
Apple services set an all-time record with $20.9 billion in the March quarter
The development comes at a time when Google already fired six per cent of its total workforce in January, leaving 12,000 Googlers without a job
Microsoft on Tuesday reported a 12% drop in profit for the October-December quarter, reflecting the economic uncertainty it said led to its decision to cut 10,000 workers. The company reported quarterly profit of $16.43 billion, or $2.20 per share. Excluding one-time items, the company based in Redmond, Washington, said it earned $2.32 a share, which topped Wall Street expectation for adjusted earnings of $2.29 a share. The software maker posted revenue of $52.75 billion in the October-December period, its second fiscal quarter, up 2% from the same period a year ago. Analysts polled by FactSet expected Microsoft to post revenue of $52.99 billion for the October-December quarter. Microsoft last week blamed macroeconomic conditions and changing customer priorities for its decision to cut nearly 5% of its global workforce. It's one of a number of tech companies, including Google, Amazon, Salesforce and Facebook parent Meta, to announce mass layoffs. Microsoft's personal computing .
Microsoft, which laid off 1 per cent or 1,800 employees in July, has asked around 200 more employees to go, this time from one of its customer-focused R&D projects, the media reported on Wednesday.
Roles will be eliminated and most of them will be outside the US, says spokesperson
Microsoft workers were notified on Thursday if their current job was affected
Layoffs will affect sales, though this move is to better serve customers, partners
To woo more customers in areas like artificial intelligence and the cloud
Thousands of jobs could be cut down the line as a result of the sales shuffle.